The Economic Paradox of the Biden Presidency. Employers have been on an almost uninterrupted hiring spree since Biden took office — and analysts see no signs that the trend will reverse any time soon. “When it comes to the economy, the vibes are at war with the facts, and the vibes are winning.”

5 comments

1. What happened to the facts over feelings crowd that was so adamant about this under Trump. 

2. There are a few things going on here.

   One is that it is harder than some think to separate emotion from economy. If one’s personal situation is not what they had hoped for, realistic or not, someone telling them the economy is good will fall on deaf ears.

   Also, our political environment has become so polarized, honest debate and facts gets pushed out.

   And lastly, I compare social media debates to a scene from Monty Python’s Holy Grail, where a group of angry peasants drag a woman before the knight Bedevere claiming that she is a witch and demanding that she be burned. They know she is a witch, they say, because she looks like a witch, but she only looks like a witch because they dressed her up to look like one. Despite the complete lack of anything resembling logic or real evidence, the mob remains insistent that the woman be burned. Monty Python’s Holy Grail, made in the 1970’s, unknowingly displayed current day social media interactions that has descended to my side versus your side, despite the facts. Or to paraphrase another classic, Blazing Saddles, Facts, we don’t need no stinking facts.

3. It’s about envy. There are huge wealth gaps within a few blocks in the same city.

4. What portion of new jobs are part time?

5. Yes this is what happens when you print money ceaselessly. Economy looks better than it has any right to be but the cost is erosion of the savings of the upper and middle class, reduction in their real wages, and rampant inflation.